Oakmont Investment Advisors Inc. Takes $1.14 Million Position in Solstice Advanced Mat $SOLS

Oakmont Investment Advisors Inc. bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLSFree Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,864 shares of the company’s stock, valued at approximately $1,140,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SOLS. Westerkirk Capital Inc. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat during the first quarter worth approximately $26,000. Heritage Wealth Advisors acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth approximately $26,000. Princeton Global Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat during the first quarter worth approximately $27,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the second quarter worth $27,000.

Analysts Set New Price Targets

SOLS has been the topic of several recent analyst reports. Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the company a “buy” rating in a report on Thursday, July 9th. Mizuho dropped their target price on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. Zacks Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group started coverage on Solstice Advanced Mat in a report on Thursday. They issued a “buy” rating and a $86.00 price objective for the company. Finally, Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.11.

Read Our Latest Stock Report on Solstice Advanced Mat

Solstice Advanced Mat Stock Up 3.8%

SOLS stock opened at $63.73 on Friday. The firm has a market cap of $10.12 billion and a price-to-earnings ratio of 36.01. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The firm has a fifty day moving average price of $62.66 and a two-hundred day moving average price of $73.97. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08.

Solstice Advanced Mat (NASDAQ:SOLSGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. The business had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Research analysts predict that Solstice Advanced Mat will post 2.88 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 16.95%.

Solstice Advanced Mat Company Profile

(Free Report)

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.

Recommended Stories

Institutional Ownership by Quarter for Solstice Advanced Mat (NASDAQ:SOLS)

Receive News & Ratings for Solstice Advanced Mat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solstice Advanced Mat and related companies with MarketBeat.com's FREE daily email newsletter.